5259 Stage Rd Memphis, TN 38134
Estimated payment $808/month
Total Views
60,230
2.95
Acres
$49,145
Price per Acre
128,502
Sq Ft Lot
Highlights
- 2.95 Acre Lot
- Wooded Lot
- 5-minute walk to Elva T. Bledsoe Park
- Altruria Elementary School Rated A-
About This Lot
PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross Land + construction + infrastructure = ~$2.75M potential profit: $750K+ Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason. Location advantages: I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents Wolfchase Galleria (minutes away)Buyer is responsible for utility connections, permits, and infrastructure.Established neighborhoods surrounding the property Verify all information independently.
Property Details
Property Type
- Land
Lot Details
- 2.95 Acre Lot
- Wooded Lot
- Property is zoned Res10
Location
- City Lot
Community Details
- Unsubdivided Subdivision
Listing and Financial Details
- Assessor Parcel Number 088012 00081
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $328 | $10,525 | $10,525 | -- |
| 2024 | $328 | $9,675 | $9,675 | -- |
| 2023 | $589 | $9,675 | $9,675 | $0 |
| 2022 | $589 | $9,675 | $9,675 | $0 |
| 2021 | $596 | $9,675 | $9,675 | $0 |
| 2020 | $701 | $9,675 | $9,675 | $0 |
| 2019 | $701 | $9,675 | $9,675 | $0 |
| 2018 | $701 | $9,675 | $9,675 | $0 |
| 2017 | $398 | $9,675 | $9,675 | $0 |
| 2016 | $423 | $9,675 | $0 | $0 |
| 2014 | $423 | $9,675 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2026 04/03/26 | Price Changed | $144,977 | -3.3% | -- |
| 01/15/2026 01/15/26 | Price Changed | $149,977 | -5.7% | -- |
| 01/15/2026 01/15/26 | Price Changed | $159,000 | -11.2% | -- |
| 12/11/2025 12/11/25 | Price Changed | $179,000 | -10.4% | -- |
| 11/27/2025 11/27/25 | Price Changed | $199,700 | -3.5% | -- |
| 11/14/2025 11/14/25 | Price Changed | $207,000 | -8.8% | -- |
| 10/30/2025 10/30/25 | Price Changed | $227,000 | -0.2% | -- |
| 10/30/2025 10/30/25 | Price Changed | $227,500 | -8.1% | -- |
| 10/22/2025 10/22/25 | For Sale | $247,500 | -- | -- |
Source: Memphis Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $106,000 | First American Title |
Source: Public Records
About the Listing Agent
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Jason's Other Listings
Source: Memphis Area Association of REALTORS®
MLS Number: 10208229
APN: 08-8012-0-0081
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